Oral Answers to Questions — Public Expenditure

Part of the debate – in the House of Commons at 12:00 am on 5th March 1979.

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Photo of Mr Nicholas Budgen Mr Nicholas Budgen , Wolverhampton South West 12:00 am, 5th March 1979

Does the right hon. Gentleman agree that the proposals from the Labour Party to increase public expenditure in the coming year by about £3 billion can only lead to a combination of higher taxes and higher interest rates, or else to an increase in the rate at which the money supply grows?